U.S. Banker - Bank Rankings

 
 SELLERS - Looking to Exit the Residential Mortgage Business?       
  

Name of Lender   Vol. of Res. Receivables   Status of Deal
Countrywide $265.40 Considering a sale, nothing decided
Fleet Mortgage 139.9 Rumored for sale in early ’00, now staying put
PNC Mortgage 85.1 For sale, ABN and Homeside interested
G.E Capital Mort.* 81.5 In process of being sold to Wells
First Union Mort. 35.7 Wells Fargo buying this amount of receivables
Bank United 31 Texas S&L giant being sold to WaMu
Totals: $638.60  
* G.E. Capital and Wells have confirmed talks and a letter of intent is in the works.
Source: U.S.Banker/Mortgagestats.com

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